SAN FRANCISCO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announces the $2.35 million cash-out refinancing of Hillside Terrace, a 10-unit apartment property in Walnut Creek, California.
HFF worked on behalf of the borrower, PTLA Real Estate Group, to secure the seven-year, fixed-rate, non-recourse loan with 36 months of interest only.
Hillside Terrace comprises 10 recently renovated, two-bedroom units featuring stainless steel appliances, in-unit washers and dryers and faux-wood flooring. Situated at 1865 Lacassie Avenue, the property is just east of Interstate 680 and just over a block south of the Walnut Creek BART station. Hillside Terrace is also within walking distance to numerous retail and dining amenities in downtown Walnut Creek.
The HFF debt placement team representing the borrower included director Chris Gandy.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.
About HFF: HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). For more information please visit hfflp.com or follow HFF on Twitter @HFF.